ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

ArcticMoose · 17 May 2011, 06:19 PM

Last year I actually spent way over 100%. if you've got the money to spare, and it feels right, just do it. Unlike a car, you can always sell if you need the money.

I just made my most expensive purchase ever this week, so I'll be eating cup noodles for the next few months, but I have absolutely zero debt except the credit card I pay off every month, and I have a few watches worth of savings that I don't touch.

roger0770 · 17 May 2011, 06:24 PM

yeah, i got to agree with you that there are a lot of rolex submariners in the wild. but that tells me one thing; it is a sexy watch! it's simple and elegant, and that's probably why it's also the most copied watch ever. a rolex sub was never rare. who knows how many subs rolex produces / sells every year? it's the stories that make the watch. it doesn't matter if you have a tag, a rolex, or a patek. what stories can you tell about YOUR watch? i hope i can tell a great story about my watches to my sons and daughters (if i have kids).

duffman · 17 May 2011, 06:46 PM

What do you do to make 6 figures at the age of 25?

padi56 · 17 May 2011, 06:55 PM

Quote:

Originally Posted by dddrees

Personally, I don't think it really has as much to do with the percentage of income as much as it has to do with making sure you can meet your necessary financial obligations first.

X2. And today yes Rolex watches are expensive but if you want one you save up for one its that simple.I remember my Father saving for many years to buy his first Rolex back in 1982 then he was a coal miner with a family to support.And even at Rolex prices today you don't have to be mega rich to buy a Rolex watch.In the UK if you smoke 20 cigarettes a day thats around £40 a week, give them up in 12 months if you want it enough one Rolex watch that will then last a lifetime and much better for your health.

Darlinboy · 17 May 2011, 07:25 PM

Quote:

Originally Posted by dddrees

Personally, I don't think it really has as much to do with the percentage of income as much as it has to do with making sure you can meet your necessary financial obligations first.

x2

alanma · 17 May 2011, 07:44 PM

Quote:

Originally Posted by wachulookingat

Hi everyone,

I am new to the Forum and wanted to get everyone's opinion on something. As a % of income, at what point should one buy a Rolex?

I am 25 yrs old and makes over 6 figures, is it time?

Apologies if this is an obnoxious question. I've been debating whether to buy one for a while....

Appreciate some inputs.

Thanks!

Depending what kind of car you are driving right now.... If your owning a Porsche, it's time to spend 20k on a Rolex I think.

R.G · 17 May 2011, 07:52 PM

Quote:

Originally Posted by WatchMe007

I always find it funny when people say "six figures".

That is anywhere from 100,000 to 999,999 and is a pretty big range.

There is clearly no right answer. My income seems impressive at first glance. Look again. 4 kids. Wife. House. Cars. Property taxes higher than my first mortgage. Monthly insurance more than than the cost of my first car. Stuff gets complicated quickly.

My first was at age 30 when I could drop more than $5000 and not have it be missed. The rest are a blur.

I rationalize the purchase of fine watches by looking at the things I spend money on that are disposable and consumable.

Ha ha normally it's the people that are new to earning a decent wage or those that just scrape through in to the six figure bracket who proclaim it to everyone...

How are any of these complete strangers on this forum going to be able to answer that constructively?! It is all completely relevant to your personal situation and the answer will be based on your own individual circumstances.

Sorry if that's an obnoxious answer.

Tunacan26 · 17 May 2011, 07:59 PM

Quote:

Originally Posted by ingoodtime

Wait until you save 1 billion dollars. Then, get a nice platinum president.

X2

Gretsch · 17 May 2011, 09:32 PM

I got my first Rolex a little over a week ago. I'm almost 39 and it was an early birthday gift to myself. It's a SubC LV as you can see from my avatar. I was concerned that one of my friends at work has a Sub and I wanted to do something slightly different but still really liked the Subs. I'd suggest getting what you want and not worrying about what others have or don't. If you want the Sub who cares if others have it. If you want and can afford a Daytona then go for it.

A word of caution, it's addicting. I'm already thinking about what my next Rolex will be. I've got my 40th birthday coming up after all

SL1229 · 17 May 2011, 09:57 PM

Hey welcome to the forum!

For me, it had to do with my obligations, like everyone else has said. I just bought my first rolex (roughly $10K from Ben Bridge). I used a credit card with 0% interest for 18 months. Of course though, I have enough in my savings and investment portfolio to cover the cost of the watch. I think that's why I also purchased it cause I knew that even if hard times fell on me (knock on wood), I'll have more than enough to cover my immediate liabilities. I don't have kids or a wife so that helps. Just needed to pay my mortgage, insurance, food, etc. etc.

BTW, your question wasn't obnoxious at all. I mean, I too had a similar question, but when it came down to it, I wanted a rolex and I could afford it.

mtrunner · 17 May 2011, 10:04 PM

Quote:

Originally Posted by duffman

What do you do to make 6 figures at the age of 25?

I am pretty sure he works in finance. Honestly I was joking with my first post on the billion dollars. Like you I live in NYC and have no debt and make a decent salary but it seems as though all the money you make goes to rent.

As long as you have money set aside and have a little extra cash to burn then go for it! The amount of enjoyment the watch will bring you isa well worth it. You work hard for you money so you deserve to treat yourself a little regardless how old you are.

Also I would suggest buying from one of the trusted sellers on here. It is next to impossible to get a good deal from an AD in NYC plus the tax is outrageous. When you guy from a trusted seller here you save on tax which is a nice chunk of change.

jamesbondOO7 · 17 May 2011, 10:20 PM

0.0000001%

Casey VP-26 · 17 May 2011, 10:29 PM

I am glad six figures a year is not a requirement for purchasing a rolex.

UJU · 17 May 2011, 10:37 PM

I guess it's just a matter of priorities more or less independent of your income.
Skip vacation one year and you should be able to afford a Rolex.

Danand · 17 May 2011, 10:38 PM

Quote:

Originally Posted by R.G

Ha ha normally it's the people that are new to earning a decent wage or those that just scrape through in to the six figure bracket who proclaim it to everyone...

How are any of these complete strangers on this forum going to be able to answer that constructively?! It is all completely relevant to your personal situation and the answer will be based on your own individual circumstances.

Sorry if that's an obnoxious answer.

Not obnoxious at all IMO.

Justjosh · 17 May 2011, 10:42 PM

Quote:

Originally Posted by brandxbrand

Can ban discussing personal income. These type of pompous topics are generally only there to self indulge to OP.

Jan is the only thing that came into my head.

Sorry!

karmatp · 17 May 2011, 11:14 PM

If you are so well off, skip Rolex and get something that will really impress the guys and gals, go buy a AP. That is what you are looking for right? Everyone has a Rolex, you need to step it up.

slcbbrown · 17 May 2011, 11:15 PM

Quote:

Originally Posted by wachulookingat

Hi everyone,

I am new to the Forum and wanted to get everyone's opinion on something. As a % of income, at what point should one buy a Rolex?

I am 25 yrs old and makes over 6 figures, is it time?

Apologies if this is an obnoxious question. I've been debating whether to buy one for a while....

Appreciate some inputs.

Thanks!

I got mine as a graduation present in 1973, when I was 21. My salary as a brand new 2Lt was about $600, take home, and the watch was $200 thru the PX system ($400 from an AD).

My advice is to buy as soon as you can pay for it, if it's something that is important to you. Prices won't be going down.

BTW, I make six figures, too. Two of the figures are on the right of the decimal point, though.

Ed Rooney · 17 May 2011, 11:56 PM

As long as you are earning a steady check, not in credit card debt and have your 401k started, I say go for it. If you buy pre-owned on here you should be able to sell it with virtually no loss should a cash crunch ever come up. Think of it as a savings account you wear on your wrist.

Several of our execs wear Explorer II's. They travel a lot, making the gmt hand useful, and they are active guys. It's odd that 3 of them have one since you just don't see them much in the wild. It's a watch that would definitely set you apart from the Sub and GMT-Master crowd. Added bonus is that it fits better under cuffs.

R.G · 18 May 2011, 12:16 AM

Quote:

Originally Posted by Danand

Not obnoxious at all IMO.

Quote:

Originally Posted by karmatp

If you are so well off, skip Rolex and get something that will really impress the guys and gals, go buy a AP. That is what you are looking for right? Everyone has a Rolex, you need to step it up.

pemabuk · 18 May 2011, 12:44 AM

I got my first (& only) a couple of months after getting married. It was a wedding present for my wife. Early 30's, also live in NYC - don't make 6 figures and don't pay $4000 in housing.

I saved up for a year or so on the ring, and she did the same on the watch (as a surprise!) Perfect timing.

Ebruner · 18 May 2011, 01:13 AM

A San Diego locksmith makes 100,000 +.!!!!! WOW~!!!!

-Eddie

L-16610 · 18 May 2011, 01:32 AM

Quote:

Originally Posted by wachulookingat

Hi everyone,

I am new to the Forum and wanted to get everyone's opinion on something. As a % of income, at what point should one buy a Rolex?

I am 25 yrs old and makes over 6 figures, is it time?

Apologies if this is an obnoxious question. I've been debating whether to buy one for a while....

Appreciate some inputs.

Thanks!

for most of us it has NOTHING to do with our income
I can honestly say I need to work hard for an average income
I save and save and save for my watches

It's a pure passion, not something I buy because I can afford it

ec51 · 18 May 2011, 02:11 AM

Quote:

Originally Posted by Danand

It sounds as if you are buying "Rolex" not a specific rolex. I don't think you are ready. Don't take this personally- I just think when any one posts the "what watch should I buy" question they shouldn't be buying anything yet. Take more time and make up YOUR mind.

Quote:

Originally Posted by karmatp

If you are so well off, skip Rolex and get something that will really impress the guys and gals, go buy a AP. That is what you are looking for right? Everyone has a Rolex, you need to step it up.

X2

Quote:

Originally Posted by wachulookingat

Everyoneeee at work has a sub...the guy in front of me...behind me...across from me....hell i think the guy cleaning the closet has a sub =(

So basically...what you are saying, is the Rolex YOU want is the one that will set-yourself aside from other Rolex owners. Or in other words, you want to get a Rolex that would impress people more than a Sub would. In essence, a Sub just isn't impressive enough? Or "...won't do the job," right?

Sounds like your buying into the name to impress people and that shouldn't be the reason to buy a watch. No matter how much money you make...

East Bay Rider · 18 May 2011, 02:55 AM

This thread is fun. $48,000 per year for rent. Still wrapping my head around that. With a rent like that I hope your 6 figure income at least starts with a 2.
Buy a Rolex. Heck buy two. That's 100% more impressive than one.

dnagwhogas · 18 May 2011, 03:01 AM

Quote:

Originally Posted by ec51

Sounds like your buying into the name to impress people and that shouldn't be the reason to buy a watch. No matter how much money you make...

Hell I would just print my W2 on all my shirts...

Quote:

Originally Posted by East Bay Rider

This thread is fun. $48,000 per year for rent. Still wrapping my head around that. With a rent like that I hope your 6 figure income at least starts with a 2.
Buy a Rolex. Heck buy two. That's 100% more impressive than one.

Yeah, the rent in Manhattan is crazy! My wife's niece & nephew went to school in NY and they're parents rented a studio for them for $3500 month!

East Bay Rider · 18 May 2011, 03:03 AM

Quote:

Originally Posted by dnagwhogas

Hell I would just print my W2 on all my shirts...

That's hilarious

Danand · 18 May 2011, 03:09 AM

Quote:

Originally Posted by East Bay Rider

That's hilarious

Try rent in Hong Kong. that is nuts. This thread is turning into nuts though!
The op better be careful or his fiancé will get smart and look elsewhere for someone to spend her not yet earned money on!

ec51 · 18 May 2011, 03:09 AM

Quote:

Originally Posted by dnagwhogas

Hell I would just print my W2 on all my shirts...

To the OP, (and to partially quote another TRF member) - can I assume when you're not working at your 'six-figure' job, on your days off; you're wearing Ed Hardy t-shirts and partially ripped $200 jeans?

Danand · 18 May 2011, 03:12 AM

Quote:

Originally Posted by ec51

To the OP, (and to partially quote another TRF member) - can I assume when you're not working at your 'six-figure' job, on your days off; you're wearing Ed Hardy t-shirts and partially ripped $200 jeans?

If I spent $200 on jeans I'd figure I was ripped! (off that is)

17 May 2011, 10:20 PM	#102
jamesbondOO7 "TRF" Member Join Date: Oct 2010 Real Name: BondJamesBond Location: The Algarve Watch: Rolex or nothing Posts: 4,072	0.0000001% __________________ ♛ 5-digit Rolex or nothing ♛

17 May 2011, 11:14 PM	#107
karmatp "TRF" Member Join Date: Sep 2007 Real Name: Trevor Location: Arizona Posts: 5,740	If you are so well off, skip Rolex and get something that will really impress the guys and gals, go buy a AP. That is what you are looking for right? Everyone has a Rolex, you need to step it up. __________________ My grails:

18 May 2011, 01:13 AM	#112
Ebruner "TRF" Member Join Date: Sep 2009 Real Name: Eddie Location: Kentucky Watch: 118208 Posts: 2,510	A San Diego locksmith makes 100,000 +.!!!!! WOW~!!!! -Eddie __________________

18 May 2011, 02:55 AM	#115
East Bay Rider "TRF" Member Join Date: Oct 2007 Real Name: Bill Location: East Bay RI Watch: GMT-II 16710LN Posts: 12,061	This thread is fun. $48,000 per year for rent. Still wrapping my head around that. With a rent like that I hope your 6 figure income at least starts with a 2. Buy a Rolex. Heck buy two. That's 100% more impressive than one. __________________ I bought a cheap watch from the crazy man Floating down canal It doesn't use numbers or moving hands It always just says "now" Now you may be thinking that I was had But this watch is never wrong And if I have trouble the warranty said Breathe In, Breathe Out, Move On J. Buffett Instagram: eastbayrider46

17 May 2011, 06:19 PM	#91
ArcticMoose "TRF" Member Join Date: Oct 2009 Location: The Sea Posts: 1,894	Last year I actually spent way over 100%. if you've got the money to spare, and it feels right, just do it. Unlike a car, you can always sell if you need the money. I just made my most expensive purchase ever this week, so I'll be eating cup noodles for the next few months, but I have absolutely zero debt except the credit card I pay off every month, and I have a few watches worth of savings that I don't touch.

17 May 2011, 06:24 PM	#92
roger0770 Banned Join Date: Nov 2009 Location: On Earth Watch: A Few Posts: 1,510	yeah, i got to agree with you that there are a lot of rolex submariners in the wild. but that tells me one thing; it is a sexy watch! it's simple and elegant, and that's probably why it's also the most copied watch ever. a rolex sub was never rare. who knows how many subs rolex produces / sells every year? it's the stories that make the watch. it doesn't matter if you have a tag, a rolex, or a patek. what stories can you tell about YOUR watch? i hope i can tell a great story about my watches to my sons and daughters (if i have kids).

17 May 2011, 06:46 PM	#93
duffman "TRF" Member Join Date: Jan 2009 Location: here Posts: 259	What do you do to make 6 figures at the age of 25?

17 May 2011, 09:32 PM	#99
Gretsch Member Join Date: May 2011 Location: Colorado Watch: SubC LV & 16600 Posts: 229	I got my first Rolex a little over a week ago. I'm almost 39 and it was an early birthday gift to myself. It's a SubC LV as you can see from my avatar. I was concerned that one of my friends at work has a Sub and I wanted to do something slightly different but still really liked the Subs. I'd suggest getting what you want and not worrying about what others have or don't. If you want the Sub who cares if others have it. If you want and can afford a Daytona then go for it. A word of caution, it's addicting. I'm already thinking about what my next Rolex will be. I've got my 40th birthday coming up after all

17 May 2011, 09:57 PM	#100
SL1229 "TRF" Member Join Date: May 2011 Real Name: Sam Location: Washington Watch: the jewels Posts: 190	Hey welcome to the forum! For me, it had to do with my obligations, like everyone else has said. I just bought my first rolex (roughly $10K from Ben Bridge). I used a credit card with 0% interest for 18 months. Of course though, I have enough in my savings and investment portfolio to cover the cost of the watch. I think that's why I also purchased it cause I knew that even if hard times fell on me (knock on wood), I'll have more than enough to cover my immediate liabilities. I don't have kids or a wife so that helps. Just needed to pay my mortgage, insurance, food, etc. etc. BTW, your question wasn't obnoxious at all. I mean, I too had a similar question, but when it came down to it, I wanted a rolex and I could afford it.

17 May 2011, 10:29 PM	#103
Casey VP-26 "TRF" Member Join Date: Jun 2009 Location: America Posts: 2,718	I am glad six figures a year is not a requirement for purchasing a rolex.

17 May 2011, 10:37 PM	#104
UJU "TRF" Member Join Date: Apr 2011 Location: Norway Watch: 14060M Posts: 274	I guess it's just a matter of priorities more or less independent of your income. Skip vacation one year and you should be able to afford a Rolex.

17 May 2011, 11:56 PM	#109
Ed Rooney "TRF" Member Join Date: Aug 2007 Location: Annapolis, MD Watch: Sea-Dweller 16600 Posts: 5,081	As long as you are earning a steady check, not in credit card debt and have your 401k started, I say go for it. If you buy pre-owned on here you should be able to sell it with virtually no loss should a cash crunch ever come up. Think of it as a savings account you wear on your wrist. Several of our execs wear Explorer II's. They travel a lot, making the gmt hand useful, and they are active guys. It's odd that 3 of them have one since you just don't see them much in the wild. It's a watch that would definitely set you apart from the Sub and GMT-Master crowd. Added bonus is that it fits better under cuffs.

18 May 2011, 12:44 AM	#111
pemabuk Member Join Date: Sep 2010 Real Name: Chris Location: nyc Watch: Milgauss GV Posts: 15	I got my first (& only) a couple of months after getting married. It was a wedding present for my wife. Early 30's, also live in NYC - don't make 6 figures and don't pay $4000 in housing. I saved up for a year or so on the ring, and she did the same on the watch (as a surprise!) Perfect timing.

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